Seminar showcases Cuba’s socio-economic model
Cuba’s experiences with reform were highlighted at a seminar held by the Vietnam Academy of Social Sciences and the Cuban Embassy in Vietnam on March 25 in Hanoi.
He affirmed that Cuba’s experiences over the last five years are helpful for Vietnam’s ongoing reform process.
The seminar marks the beginning of the cooperation programme between the academy and the embassy, Duc said.
According to Ruvislei, Cuba has suffered losses due to economic embargoes. The country decided to cut social allowances and raise the working age to 60 for women and 65 for men, aiming to deal with an aging population. Reorganisation of ministries and sectors were also promoted.
Like Vietnam , Cuba devised and took a series of measures to reform its agriculture and open the door for private companies. It also acknowledged the need for expansion of trade and monetary relations with other countries.
Human development was a key priority for Cuba in recent years, Ruvislei said, asserting his country’s judicious orientations in its renewal process.